March 22, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in negative at 11457
- AD was 1:2

- bearish engulfing bar formed; however size of prev bars is too small

- note there is no swing low between 10600 and 11600

- option writing support 11000 resistance 11600





5 min charts:
- traded short on break of support
- breakdown bar was large 40 points
- exited at breakeven on trailing SL

- the timepass around 11533 level was another short opportunity (fast trade)


We have a sell on 15 min and 30 min charts




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